#GENIUSActPass The U.S. Senate cleared the bipartisan GENIUS Act on June 17, 2025, by a convincing 68–30 margin—marking the first-ever federal regulatory framework for stablecoins. The legislation mandates a full one-to-one reserve backing in cash or short-term Treasuries, monthly transparency reporting, and strengthened consumer protections and AML measures. It also bars issuers from paying interest and prohibits lawmakers from issuing coins, addressing concerns tied to Trump-linked ventures. The Act now heads to the House, with advocates anticipating final passage before the August recess; it’s already driven a surge in Circle’s USDC issuer stock, bolstering confidence in U.S.-regulated stablecoin leadership